Institutional investors are getting cold feet as the crypto market correction deepens with spot Bitcoin ETFs in the US reversing a fifteen consecutive trading day trend of inflows. For the past three trading days, the eleven spot Bitcoin ETFs have shed $1.17 billion as the asset fell more than 14% from its all-time high a […]
On Dec. 23, Chainlink announced a novel oracle solution designed to enable DeFi applications to “recapture non-toxic Maximal Extractable Value (MEV)” called Smart Value Recapture (SVR). Currently, when DeFi protocols use price oracles, such as during liquidations, value is captured by third parties, including searchers and validators. None of this value returns to the protocols […]
After a 9.8% drop in Bitcoin’s value over the past week, investors are showing signs of caution, worried about the potential for further declines. Despite this, Japan-based Metaplanet has reaffirmed its confidence by buying nearly 620 BTC. Interestingly, the latest acquisition marks its largest Bitcoin purchase to date. Metaplanet’s Largest Single BTC Acquisition According to […]
Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In November, the company extracted 363 BTC, worth about $36 million, without liquidating any assets, positioning it as one of the top players in the global Bitcoin mining […]
Cardano’s blockchain technology is set to revolutionize the Argentine lithium industry through an agreement with three players in the sector: Atómico 3, Zengate, and Alto Grande. The collaboration will introduce the world’s first lithium tokenization project, a disruptive initiative scheduled for launch in Q1 2025. Mechanics of Tokenization According to local reports, the project will […]
Metaplanet Inc. plans to issue ¥5.0 billion ($31.9 million) in ordinary bonds to accelerate its Bitcoin buys. The company announced this in a December 20 post on X, adding that the repayment will be made from exercising its 12th series stock acquisition rights. Details of the 5th Series Ordinary Bonds In a separate post, Metaplanet […]
Bitcoin’s massive rise from under $70,000 to over $108,000 within a month and a half after Donald Trump’s landslide victory in the US presidential elections left some investors outside the circle. However, the ever-volatile nature of BTC always leads to substantial corrections that provide opportunities for those who missed the initial train to get on […]
Bitcoin’s price actions in the past few days have been nothing short of a substantial correction that pushed it south by around thirteen grand. It seems Powell’s comments made during the latest FOMC meeting have scared US investors as they pulled over $670 million from the spot Bitcoin ETFs within just a day. Red Record […]
Osprey Funds, LLC, a U.S.-based crypto investment firm, has announced that the Osprey BNB Chain Trust is now publicly quoted on the OTCQX® Best Market. Interestingly, the fund happens to be the first in the US to provide exposure to BNB, the native token of the BNB Chain ecosystem. It aims to offer a way […]
After agreeing to curtail its ambitious Bitcoin initiatives, El Salvador has reached a $1.4 billion loan arrangement with the International Monetary Fund (IMF). The agreement, which needs the approval of the IMF Executive Board, aims to support El Salvador’s reform agenda, boost fiscal and external sustainability, and create conditions for stronger, inclusive growth. IMF Loan […]